Inflation Rate Australia June 2024. Over the twelve months to the june 2024 quarter, the cpi rose 3.8%. Oxford economics australia expects the reserve bank of australia to begin cutting rates in the second quarter of 2025, far beyond a late 2024 cut expected by other forecasters.
Australia’s annual rate of inflation has risen to 3.8 per cent, up from 3.6 per cent at the start of the year. The boe is likely to keep the base rate at 5%, signaling that it remains unconvinced inflation has been fully tamed.
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